Have you heard of
Â If youÂ have a small business, or you plan on being a successful entrepreneur then you might want to be in the know. While the SBA, SCORE, and the Chamber of Commerce are great, NEXLabs is the new organization in town to help you with your business needs.
What is NEXLabs?
NEXLabs is a non-profit organization based out of Atlanta Georgia, helping to extend the lives of the small businesses that entrepreneurs build every day. Fairly new, this organization has only been running since 2010, and takes on a more personal approach. This non-profit is a breath of fresh air to the local businesses that help uplift the local communities.
How it works:
Entrepreneurs and business owners go through steps known as the idea-stage incubator process, which is about a 12-16 weeks. This process has been tested on 17 companies with successful results in an array of business fields; urban agriculture, transportation, low-income & transitional housing, environmental filters, cultural documentation (app), health care reform information, endurance sports communities, adventure travel, and e-commerce for local independent retailers. Mentors are available to these entrepreneurs as well to address needs in different areas of business that person may not be proficient in.
Mentors in this organization are people who donate their time and efforts to help business owners in strengthening specific areas. Right now NEXLabs has an assortment of mentors specializing in areas such as law, graphic design, financing, business plans, leadership counseling, certification counseling, and mobile app, and website design, SEO, and having a responsive website. During 2012, 37 mentors gave a total of 1,432 hours of time.Â With an average billed rate of $250.00, this means a collective of $358,000.00.
NEXLabs also has a separate event held once a month called Burning Plan. Burning plan is an event that focusses on one entrepreneur at a time; kind of like a Q and A session. The entrepreneur comes to discuss their concerns and questions about their business. Other entrepreneurs, business owners, community, and mentors come together in a group setting to enhance the idea generation process, hoping to solve problems, give solutions, and create better businesses in the process.
*If you would like to apply to present at Burning Plan, please email email@example.com. You will need to submit a pitch deck or 2 minute video, financial projections and an executive summary or project summary.
Other Places to check out to enhance your small business: